Will Bank Nifty Reverse Above 61325 or Stay Weak?
About Current Technical Structure
🔹 CMP: 60,739.55
🔹 20 Hour EMA: 61,087
🔹 40 Hour EMA: 60,933
🔹 20 Day EMA: 60,359
🔹 40 Day EMA: 59,918
Bank Nifty is currently trading below its short-term hourly EMAs while holding above its key daily EMAs. This reflects a short-term weakness within a broader medium-term supportive structure.
Intraday traders tracking liquidity alignment often refer to Nifty Breakout Call models for structured confirmation before initiating aggressive positions.
Key Support and Resistance Levels
| Level Type | Range |
|---|---|
| Immediate Support | 60,480 |
| Next Support | 60,250 |
| Major Support Zone | 60,110 / 59,850 |
| Immediate Resistance | 60,865 / 61,025 |
| Key Resistance Zone | 61,150 / 61,325 |
| Higher Resistance | 61,460 / 61,820 |
Trading View for the Session
🔹 Key level to watch: 61,150 / 61,325
🔹 Below this zone: Trend remains weak
🔹 Strategy bias: Sell on rise towards resistance
🔹 Downside targets: 60,480 and lower
🔹 Bullish reversal only on sustained close above 61,325
As long as Bank Nifty trades below the 61,150–61,325 zone, the structure favors a sell-on-rise approach. A decisive close above this resistance band is required to shift the short-term bias from weak to sideways-to-bullish.
For directional confirmation in high-volatility banking sessions, traders often align setups with BankNifty Breakout Call signals.
Investor Takeaway
Derivative Pro & Nifty Expert Gulshan Khera, CFP® highlights that 61,325 remains the short-term trend reversal trigger. Until that level is convincingly breached on closing basis, upside attempts may face resistance. Traders should respect support at 60,480 and manage risk accordingly. For structured technical insights visit Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
